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Planning on taking a loan to buy the bike you’ve always wanted? Before you apply for one, take a look at the interest rates being offered by some of the top lenders in the country. The interest rates on these loans range anywhere between 9% p.a. to 25% p.a.  

BankBazaar brings you a way of comparing all the rates offered by banks such as SBI, Union Bank of India, HDFC Bank, and a lot more. You can also compare rates being offered by Non-Banking Financial Companies (NBFC) such as Bajaj Finance and L&T Finance.  

Compare two-wheeler loan interest rates in 2019 

The following table helps you compare the interest rates and processing fees charged by lenders in India along with their respective tenures.  

Lender Minimum interest rate Processing fee Maximum repayment tenure
State Bank of India (SBI)  11.95% p.a.   1.22% of the loan amount  36 months 
HDFC Bank  11.42% p.a.   Maximum 3% of the loan amount??  48 months  
Bank of India  9.55% p.a.   1% of the loan amount (minimum Rs.500 & maximum Rs.10,000)?  60 months 
Punjab National Bank  10.20% p.a.  Rs.275   60 months 
Andhra Bank  10.70% p.a.  1% of the loan amount (minimum Rs.500 and Maximum Rs.5,000)  60 months  
Union Bank of India   11.60% p.a.   0.50% of the loan amount (maximum Rs.15,000)  36 months 
Indian Bank  12.10% p.a.  0.23% of the loan amount?subject to a?maximum?of?Rs.10,236??  60 months 
Corporation Bank   12.50% p.a.  0.50% of the loan amount?(minimum?charge is?Rs.500)?  84 months  
Canara Bank   11.70% p.a.   0.25% of the loan amount?subject to a?minimum?of?Rs.1,000 and a maximum of Rs.5,000)?  84 months 
Bank of Baroda   12.70% p.a.   Rs.500 plus taxes  60 months 
UCO Bank  13.05% p.a.  1% of the loan amount subject to a minimum of Rs.500  48 months  
Syndicate Bank  10.70% p.a.   Minimum Rs.125 (Rs.1.25 per Rs.1,000 of loan)  60 months  

Why you should compare interest rates before applying for a two-wheeler loan? 

The main reason why you should compare the interest rates of the loan options available to you is to know how much each one will cost you. This will help you calculate how much you will have to repay each month on each of these options.  

This should help you find the cheapest loan. Comparing other parameters such as the processing fee and the repayment tenure will help you find a loan that best suits your current needs.  

Things to consider while applying for a two-wheeler loan  

In this section, we’re going to talk about some of the things you need to keep in mind other than the interest rate while comparing loan options.  

Apart from the interest rate, there are a few other factors that determine whether a loan is convenient  or not. Comparing these factors can help you find the ideal lender and the ideal loan based on your needs. 

Here are a few things you should consider other than the interest rate:  

  • Processing fee: A processing fee is a one-time charge that your lender will levy for processing your loan application. This can impact your monthly repayments. So, even if you get a loan with a low interest rate, your processing fee will increase your costs. Choose a lender that offers you a low interest rate along with a reasonable processing fee.  
  • Eligibility criteria: Each lender will have a set of eligibility criteria that you are expected to fulfil before they process your loan. Some lenders may have more stringent criteria than others. NBFCs may have the least stringent criteria. Choose a lender whose criteria you can easily fulfil. This should help you get your loan without any hassles.  
  • Prepayment charges: Prepaying your loan can help you save money on interest costs. But many lenders charge a fee if you want to prepay or foreclose your loan. Compare these charges if you plan to prepay or foreclose your loan in the future. This will help you find out if foreclosing a loan will be beneficial or not.  
  • Other charges: Make sure you read the loan offer document thoroughly and find out every other cost there is. This will help you avoid surprise charges in the future. Also, it can help you find the actual cost of your loan.  
  • Disbursal time: This is the time the lender takes to give you the money from the time you apply for it. Find out how long various lenders take to sanction and disburse your loan. This will help you especially if you’re in a hurry to get the loan to buy your bike.  
  • Customer service: This is something many borrowers fail to consider when applying for a loan. A lender needs to have a good customer care service to answer your queries in the future. Not having a good customer service can be extremely frustrating.  
  • Discounts and special offers: Keep an eye out for periodic discounts or special rates and loan conditions being offered by lenders. Many lenders tend to give customers special offers during festival seasons. Availing these may help you get better rates of interest, better repayment options, and other loan terms.  

Factors that affect two-wheeler loan interest rates  

Take a look at the various factors that impact the interest rate of your two-wheeler loan:  

  • Your credit score: This is one of the most important factors that determine your interest rate. Most lenders have a fixed rate for these loans. But if you have a good credit score, you may be able to get a lower interest rate. On the other hand, if your credit score is bad, the lender will most likely charge you a higher interest rate.  
  • Your income level: Every lender has a particular level of income they expect you to earn per month. The higher you earn, the lower risk you have of not repaying your loan. This usually means you will get a favourable interest rate. If you earn a lower level of income, you may be given a higher rate of interest.  
  • Your place of work: The place where you work or the organisation you work for may have a say in the interest rate you’re given. A reputed company may mean that you have a stable job and that you’re drawing a stable income. This may translate into lower interest rates.  
  • Your nature of employment: Lenders may offer different interest rates depending on whether you are self-employed or salaried.  
  • Your age: Your age plays an important role in determining your interest rate. For example, if you’re nearing retirement, your loan may cost you more. This is because being closer to the retirement age usually means your capacity to repay a loan will be lower.  
  • Your existing relationship with the lender: If you already have an existing relationship with the loan provider, it may help you get a better rate of interest. A good relationship with a bank can get you better loan terms.  

Note: These are some of the main factors that determine your interest rate. There may be others that are specific to the lender from whom you’re taking a loan.  

How to calculate your two-wheeler loan EMI? 

Your EMI will show you how much you have to repay the bank each month. Your EMI depends mainly on the loan principal amount, the interest rate, and the tenure you choose.  

Your processing fee and prepayment patterns will also play a role in determining your EMI.  

It is always better to find out what your EMI will be before you apply for your bike or scooter loan. Comparing various loan EMIs can help you identify the cheapest and most suitable loan.  

BankBazaar’s EMI calculator is a unique repayment calculation tool that helps you find out your EMI in a matter of minutes. It is easy to use. Simply type in your loan parameters and get your EMI and loan amortisation schedule right away.  

Variable interest rate or fixed interest rate – which is better?  

Sometimes, when you apply for a bike loan, your lender may give you the option of choosing between a variable rate of interest and a fixed rate of interest. In such cases, which one should you choose?  

The choice between a fixed rate and a variable rate depends on the level of risk associated with each.  

Fixed interest rates are usually higher than variable rates. But fixed rates remain constant even when market rates change. For example, if you opt for a fixed rate of 12% p.a., it will stay the same no matter what.  

On the other hand, variable interest rates change depending on market conditions. Rates linked to MCLR (Marginal Cost of funds-based Lending Rate) change every time RBI makes a change in the repo rate.  

So, your rate could either increase or decrease with time. That said, variable interest rates are usually lower than fixed rates. That’s why borrowers usually prefer taking variable rates.  

Tips that can help you get a lower interest rate for your two-wheeler loan  

When you apply for a loan, your aim should be to get one with the lowest possible rate. Here are a few tips that can help you get a lower rate of interest:  

  • Clean up your credit: Since your credit score plays a vital role in determining the interest rate you’re offered, look at cleaning up your credit history first. If you don’t have good credit, look at ways to improve it before you apply.  
  • Improve your current debt status: In other words, check your debt-to-income ratio. This shows you how much of your current income is going toward repaying loans and credit card bills. Pay off existing loans and bring down this ratio. The lower the ratio, the better your chances are of getting good rates.  
  • Negotiate with your lender: Sometimes, negotiating with your lender can help you get better rates. This can help especially in situations where you don’t fulfil all the eligibility criteria. For example, if you don’t have sufficient income but are expecting a pay raise, offering proof of this can help you get good interest rates.  
  • Take a loan from your existing lender: If you already have a savings account with a bank, try taking a bike loan from them. If you already have a good relationship with them, you can get better interest rates.  
FAQs 

1. Should I always opt for the loan that offers me the lowest EMI?  

While taking a loan with the lowest interest rate seems like the best choice, it may not always mean the lowest cost for you. The loan cost also depends on other factors such as processing fees, documentation charges, vehicle inspection fees, and other factors. Make sure you check all these as well before you decide on a loan.  

2. What are the different methods of comparing interest rates?  

There are two ways of comparing interest rates of two-wheeler loans. You can personally get quotes from each lender by either visiting their branch offices or by checking their websites. Or, you could take the help of a loan aggregator like BankBazaar which gives you the latest interest rates being offered by lenders.  

3. Will my lender change my interest rate during the tenure?  

The only way your interest rate may change is if you choose a variable rate. If the market rate changes, your lender may also change your interest rate to match the market rate. If you choose a fixed rate, it will not change.  

4. If I choose a variable rate, how often will it change?  

Your variable interest rate will change only when the Reserve Bank of India (RBI) changes the repo rate. The change will be directly proportional to RBI’s change. Meaning, if RBI increases the rate, your lender may also increase the rate. And if RBI decreases its rate, your lender may also reduce your rate.   

5. Will my variable interest rate go above the fixed rate?

RBI usually looks at keeping its rates low so that borrowers don’t get affected by high interest rates. Due to this, there is very little chance of the variable rates going above fixed rates.  

News about Two Wheeler Loan

  • Yamaha YZF-R15 Undergoes Modification to Resemble BMW S1000RR HP4

    LeeAT Moto, a custom motorcycle house has revolutionised the way the world looks at motorcycles by successfully combining the iconic Yamaha YZF-R15 and BMW HP4 Race. And here in India people thought that the two motorcycles cannot be compared, even remotely.

    Considered to be a marriage of some sorts between a superbike and a communal motorcycle, LeeAT has successfully removed the latter’s rear-view mirrors, headlights, turn indicators, number plate holder, and tail light. These modifications have been introduced because evidently the BMW S1000RR HP4 is not a legal bike for the roads and does not have all of these things. The front of the R15 has been imparted with a multi-color windscreen.

    The aggressively formulated body panels have replaced the stock body panels that essentially matches the BMW S1000RR HP4. The bike’s fuel tank has been given highlights of blue near the filler cap which makes it look even more aggressive. On the fairing of the bike, the BMW badge provides a look of authenticity to the motorcycle. With the assistance of decals, the very visible problem of carbon-fiber bits has been successfully resolved.

    What’s more, the R15 has also been given a clip-on handlebar.

    12 November 2018

  • TVS festive season discount on Jupiter, Apache R 160, NTorq and others

    Following the tradition laid down by Piaggio and Suzuki Motorcycles India, TVS had rolled out attractive festive season offers in the month of September. The offers announced by this two-wheeler manufacturing company included low down payment and interest rates on its various models, including its flagship product, the TVS NTorq. This limited period offer was open till the end of September across all the TVS dealerships located at various parts of India. As a part of this offer, borrowers could purchase TVS NTorq at a down payment of Rs.10, 999 and TVS Wego at an initial payment of Rs.6, 999 only. The best-selling scooter of the company, TVS Jupiter, was available for sale at a minimal down payment of Rs.6,900. The offer was also applicable to the entry-level scooters and motorcycles of TVS. Apache RTR 160 was purchased just at Rs.14, 999 as initial payment. Added to these lucrative discounts, TVS also offered its entry-level motorcycles namely TVS Victor TVS Sport, TVS XL Super HD, and Apache RTR 160 at a very low-interest rate of 3.99%.

    18 October 2018

  • The launch of the new TVS 110cc bike

    TVS is launching a new bike, the TVS 110cc with a style that is not similar to any of other bikes launched by TVS, such as the TVS Star City Plus, TVS Victor and TVS Sport. This bike comes with a radical design that is more appealing to the younger generation. The bike features smartphone connectivity and navigation.

    Not many details are revealed about the model, but one can expect features that are not common in India, such as a semi-digital instrument cluster with twin pilot lamps and a LED tail lamp for a premium look. The TVS 110cc is expected to be priced close to Rs.50,000 (ex-showroom price) and would compete with bikes, such as the Honda CD 110 Dream and the Honda Splendor 110.

    21 September 2018

  • Kawasaki Likely to Introduce Ninja 200 in the Indian Market

    to a report published by the Nikkei Asian Review - a Japanese business journal, Kawasaki is currently working on the development of a 200cc bike for the Indian market. This motorcycle is speculated to be the Ninja 200. Furthermore, the journal claims that the two-wheeler manufacturer is planning to increase production at its plant based in Chakan, Maharashtra to develop approximately 10,000 bikes every year. This decision has been taken since Kawasaki is looking to make India the export hub for overseas markets such as Africa, Latin America, etc. The motorcycle maker based in Japan is aiming to sell around 5,000 bikes in India every year by the year 2020. In order to achieve this, the company is gearing up to inaugurate 30 showrooms across the length and breadth of the country by this time. Presently, Kawasaki has a total of 10 showrooms in the country and sells approximately 1,400 bikes every year in India - ranging between 250cc models and litre class flagship products.

    As the Indian customers are obsessed with the price tag of motorcycles, Kawasaki has reassigned numerous engineers from Japan to its production house in the country in order to help make the motorcycles more competitively priced for the Indian market. These engineers have been tasked to help the Japanese bike maker incorporate locally manufactured components that are low priced for its small-displacement motorcycles such as the KTM Ninja 250. The Head of Motorcycles and Engines Division in Kawasaki, Kazuo Ota, has indicated that the company is planning to tap the potential demand for motorcycles with a 200cc displacement in India. While the Japanese brand is known for its distinctive green livery, it might also develop new models especially for the Indian market.

    Kawasaki ventured the Indian market with a collaboration with Bajaj Auto, and the companies introduced bikes such as the Eliminator cruiser and the Kawasaki Bajaj Caliber 115 - a customer-favourite in the market. During the later years, the company started locally assembling its own bikes with capacities ranging from 250-650cc at Bajaj’s plant in Chakan, while the larger capacity motorcycles were directly imported. This partnership ended as Kawasaki opened a 10,000-square-metre manufacturing plant in September 2017. The company started to manufacture and assemble its motorcycles at its new facility, and this helped the price of the motorcycles down in the country.

    28 August 2018

  • Hyderabad Metro Rail to Introduce e-bikes to Passengers

    The Hyderabad Metro Rail Limited (HMRL) plans to launch e-bikes for passengers who commute using the metro. The launch date has been set for 15 August.

    Metro passengers can use the bikes to get to their destinations from the metro station and will be charged Rs.4 per km. The bikes can be used by downloading the Metro Bikes app and verifying their driver’s licence and ID proof. At present, some of the metro stations provide the service with conventional bikes.

    The focus of this campaign is environmental protection, which is why passengers will only be charged for the distance travelled.

    14 August 2018

  • Mobiles Likely to Attract Majority of Vehicle Customers by 2022

    According to a joint report released by KPMG and Facebook, more than 68% of two-wheeler and 81% of four-wheeler customers will be influenced by mobile phones by the year 2022. Additionally, the report further claims that around one in two two-wheeler purchases (45%) and a similar number of customers will be influenced by Facebook. However, this report cannot be affirmed by ETAuto independently. The report also focuses on the fact that media friction contributes approximately one-third (9%) of the total friction loss (26%) in four-wheeler purchases. In case of two-wheeler purchases, media friction accounts for nearly half of the total loss of friction with 16% out of the total 34%.

    As per the comments of Sandeep Bhushan, Director of Facebook India and South Asia, on the report findings, the rise in demand for vehicles might lead the customers to spend more time researching their selected vehicle on their smartphones instead of visiting a dealership. This makes it crucial for automotive manufacturers to formulate marketing strategies keeping the mobile platform in mind. The report also states that the automobile industry of India is likely to sell 5.6 million four-wheelers and 30.9 two-wheelers by 2022. Opting for the mobile platform will offer vehicle makers the chance to tap into this opportunity while reducing friction and increasing the customer conversion rate at a low cost.

    1 August 2018

  • Yamaha Has Filed for Patents of Upcoming Leaning Three-Wheeler

    Yamaha is planning to introduce another leaning three-wheeler based on the Yamaha MT-09 and has currently filed for patents for the same. Similar to the company’s first production leaning motorcycle - Yamaha Niken - which was launched earlier this year, the new leaning three-wheeler will also feature a 847cc, DOHC, 4 valves per cylinder, 3-inline cylinder engine. The company is expected to launch more leaning three-wheelers in future. As per the patent drawings, the front end of the new bike will have two wheels in the front very much alike the current Yamaha Niken. However, the drawings illustrate that the engine and chassis of the motorcycle will be like the Yamaha MT-03 - the naked version of the Yamaha YZF-R3. Furthermore, the engine of the leaning three-wheeler is expected to sport a 321cc, liquid-cooled, parallel-twin unit that will be capable of producing a maximum power of 40 bhp and 29 Nm of peak torque. Even though the company has not yet formed any production plan of the new motorcycle, the conceptualised design of the next leaning three-wheeler is likely to be released soon.

    Looking at the massive potential in the leaning three-wheeler industry, Yoshihiro Hidaka - President and CEO of Yamaha Motor Company - has confirmed that the company is currently investing in the production and development of more products in the segment. With Yamaha Tricity, a three-wheeled scooter, and Yamaha Niken already gaining popularity in the markets, the company might reveal another leaning three-wheeler by the end of next year - an R3-powered Niken.

    27 July 2018

  • Eco-friendly V45 Vehicle launched in Hyderabad

    Versatile Auto Components Private Limited has launched the V45 electric bike in Hyderabad. The vehicle is reminiscent of the 1990’s 2-wheeler with the exception of the battery pack fitted under the foot stand.

    The bike is electrically powered and eco-friendly. The battery indicates the charge available and the bike itself comes with two sets of keys—one to start the battery and one to start the bike.

    Riding the V45 is light and well-balanced and can achieve a maximum speed of 25 kmph. A higher mileage can be achieved if operated in half throttle. The bike is ideal for navigating through small spaces and has enough leg room for the rider.

    26 July 2018

  • Ducati Unveiled Limited-Edition Monster 1200 25° Anniversario

    On the occasion of its 25th anniversary, Ducati is planning to launch a limited-edition motorcycle of the Monster brand - Monster 1200 25° Anniversario. The bike sports numerous exclusive features such as carbon-fibre bits and mechanicals similar to the top-spec model of Monster 1200 R, machined components, etc. Additionally, the visor of the bike will also feature a special colour scheme with the 3 colours from the Italian flag inspired from the 2008 Monster S4RS Testastretta Tricolore. Sporting a gold-coloured frame along with golden forged Marchesini wheels with W-shaped spokes, the 25° Anniversario will be powered by a 1,198cc, liquid-cooled, L-twin engine that is capable of generating 147 hp of maximum power and 124 Nm of peak torque. Equipped with a 48mm, fully-adjustable Öhlins fork and monoshock suspension, the braking duties of the motorcycle is handled by dual 330mm discs coupled with a Brembo M50 monobloc calliper in the front end, and a 245mm disc at the rear end. The 25° Anniversario also features Öhlins steering damper along with solid aluminium mirrors, petrol cap, and handlebar-end weights. Available in 3 riding modes - Touring, Urban, and Sport, this bike carries state-of-the-art electronic components such as an Inertial Measurement Unit (IMU) to feeds data to the ABS Bosch Cornering and Ducati Wheelie Control (DWC) systems. Other electronic aids of the motorcycle include Ducati Quick Shift Up and Down (DQS) and Ducati Traction Control (DTC).

    20 July 2018

  • Suzuki Expected to Launch New Electric Two-Wheeler By 2020

    Although Maruti Suzuki made an announcement a few months ago that it will be releasing its first electric two-wheeler in India come 2020, it has now revealed that Suzuki Motorcycle India, the company’s Indian two-wheeler subsidiary, is also expected to launch its very first electric motorcycle and scooter with it. Narendra Modi, the Prime Minister of India, recently met Osamu Suzuki, the chairman of Suzuki, and had discussions regarding the potential to invest a large amount of money in the local production of electric vehicles. Toshiba and Denso, along with Suzuki, have made commitments to invest around Rs.1,700 crore for a battery production facility in the state of Gujarat. A team of five individuals has been set up by the company, and this team will take responsibility for charting the electric vehicle route in India.

    18 July 2018

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Customer Reviews

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  • L&T Finance Two Wheeler Loan
    "Need to decrease interest charges"
    L&T FINANCE LIMITED
    0.5 5.0/5 "Blown Away!"
    I have taken a two wheeler loan with L&T FINANCE LIMITED on 4 years before which was processed through showroom. The amount given for 60 thousands for the tenure period of 2 years. Rate of interest was high. The processing fee was high and need to open an account to detect amount for fee. EMI was okay. The bike model was Honda duo.
    Was this review helpful? 0
    , tiruchirapalli
    Reviewed on Oct 15, 2019
  • review
    review Two Wheeler Loan
    "Excellent Service"
    TVS FINANCE
    0.5 4.0/5 "Great!"
    It was 6 years before I have taken a two wheeler loan with TVS FINANCE which was processed through showroom for this loan. The rate of interest was low of 12%. The amount given for 48 thousands for the tenure period of 2 years. I received NOC letter. The bike model was TVS star city.
    Was this review helpful? 0
    , kanchipuram
    Reviewed on Oct 15, 2019
  • HDFC Bank Two Wheeler Loan
    "Good"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have taken a two wheeler loan with HDFC BANK on 2 years before which was processed through a showroom for the amount of 40 thousands for the tenure period of 2 years. The rate of interest was nominal. For EMI amount paying for the amount of 3 thousands. Now I have closed the loan. They have given NOC letter. The bike model is Glam-our.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Oct 15, 2019
  • HDFC Bank Two Wheeler Loan
    "Good Loan Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    HDFC is providing me a very comfortable service. Due is pending means, the staffs are helpful. They will send the reminders about the due date. I bought a loan amount of Rs. 70000 in that 40000 is pending to pay. In the tenure period of 29 months, i have completed 15 months already.
    Was this review helpful? 0
    , erode
    Reviewed on Oct 15, 2019
  • Tata capital Two Wheeler Loan
    "Average Services"
    TATA CAPITAL LIMITED
    0.5 3.0/5 "Satisfactory"
    My friend told me to take the two wheeler loan from TATA Capital. I made the down payment of Rs. 26000 and Total cost of the bike is Rs. 8500. I had chosen the tenure period of 3 years. I had paid the EMI amount of Rs. 2560. They have part payment facility.
    Was this review helpful? 0
    , hubli
    Reviewed on Oct 15, 2019
  • review Two Wheeler Loan
    "Good"
    INDUSIND BANK LTD
    0.5 5.0/5 "Blown Away!"
    I had taken two wheeler loan with INDUSIND BANK LTD on 3 years before which was processed through a showroom. The amount given for 40 thousands for the tenure period of 2 years. Within one day they have sanctioned a loan. I bought a bike for Fashion Pro. I am yet to receive NOC letter.
    Was this review helpful? 0
    , tirupur
    Reviewed on Oct 13, 2019
  • review Two Wheeler Loan
    "Good"
    INDUSIND BANK LTD
    0.5 5.0/5 "Blown Away!"
    I had taken two wheeler loan with INDUSIND BANK LTD on 2 years before which was processed through a showroom. The amount given for 50 thousands for the tenure period of 2 years. Within one day they have sanctioned a loan. I bought a bike for ZERO Glamour.
    Was this review helpful? 0
    , nellore
    Reviewed on Oct 13, 2019
  • review Two Wheeler Loan
    "Good Service"
    BAJAJ FINSERV
    0.5 2.0/5 "Expected more"
    I have availed Two Wheeler loan with Bajaj Finserv through Online .The vehicle model was 2015 it was Bajaj CT 100.I have applied for loan amount of 1 lakh for the tenure of 3 years.The rate of interest and the processing fee was nominal .I have got the loan amount on time and no difficulties faced so far.
    Was this review helpful? 0
    , indore
    Reviewed on Oct 13, 2019
  • review Two Wheeler Loan
    "Very worst Service"
    INDUSIND BANK LTD
    0.5 1.0/5 "Really Bad"
    I took my two wheeler loan from Indusind bank. Every month 7th date, they will deduct the money but this time, even though i kept the balance on my account they have not taken. After that 11th, they came to place and asking me the late fee charges along with the loan amount. Due to this, i have pre-closed the loan and surrender the vehicle.
    Was this review helpful? 0
    , tiruchirapalli
    Reviewed on Oct 13, 2019
  • HDFC Bank Two Wheeler Loan
    "Very useful loan"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    HDFC has offered me a pre-approved two wheeler loan. Since its pre-approved the interest rates are high because they offered me 19%. I had taken loan amount of Rs. 72000 approximately. The loan is on going now. I'm paying the EMI of Rs. 3600. I have selected the tenure period of 24 months.
    Was this review helpful? 1
    , guntur
    Reviewed on Oct 11, 2019
  • Shriram City Two Wheeler Loan
    "Its easier get a two wheeler loan"
    SHRIRAM CITY UNION FINANCE
    0.5 4.0/5 "Great!"
    My friend has referred me about the two wheeler loan from Shriram Finance. At that time, the interest rate was low and the benefits are high. I have made the down payment of Rs. 12000. I have chosen the tenure period of 18 months and i have been paying the EMI of Rs. 3000 which is deducted from my account automatically.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 11, 2019
  • review Two Wheeler Loan
    "Best and provides a cheaper interest rate"
    BANK OF INDIA
    0.5 5.0/5 "Blown Away!"
    My friend is working in Bank of India so he helped me a lot hence the loan got sanctioned in 1 day and i have pre-closed the loan within 3 months. I had taken the loan amount of Rs. 50000 approximately. I had made the down payment of Rs. 12000. The loan amount was selected for a period of one year.
    Was this review helpful? 0
    , agra
    Reviewed on Oct 11, 2019
  • HDFC Bank Two Wheeler Loan
    "Better Loan Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    My friend was working in HDFC and he suggested me to take the loan so i have paid a less down payment. Still 1 year more to pay the EMI amount because i got the loan in the year of 2017. I paid the down payment of Rs. 8000 and cost of the bike is Rs. 1 lakhs.
    Was this review helpful? 1
    , coimbatore
    Reviewed on Oct 10, 2019
  • review Two Wheeler Loan
    "Average Loan Service"
    INDUSIND BANK LTD
    0.5 4.0/5 "Great!"
    They have provided me a interest rate of 24%. My Honda activa bike was purchased in the showroom where they have referred me about the indusind bank loan. I paid the down payment of Rs. 35000 and the loan amount was Rs. 50000 for the tenure period of 24 months. Documentation process was average.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 09, 2019
  • L&T Finance Two Wheeler Loan
    "Good Loan Service"
    L&T FINANCE LIMITED
    0.5 5.0/5 "Blown Away!"
    They have approved the loan instant and disbursed immediately with the less documentation. They have not even done a telephonic verification also. The processing charges are less. My two wheeler loan was taken from L & T because of the fast approval.
    Was this review helpful? 1
    , bangalore
    Reviewed on Oct 08, 2019
  • review Two Wheeler Loan
    "Excellent"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I went to the showroom to purchase a bike, they only preferred me to go with Bajaj Finserv for two wheeler loan. My experience is very good and they were co-operative. The interest rate is reasonable and the processing fee is available. The tenure is 24months.
    Was this review helpful? 0
    , davanagere
    Reviewed on Oct 08, 2019
  • South Indian Bank Two Wheeler Loan
    "Better Loan"
    SOUTH INDIAN BANK
    0.5 3.0/5 "Satisfactory"
    Purchased my two wheeler insurance from South Indian bank. Since my friend has recommended me about the loan from them, i have chosen this bank. I have made a down payment of Rs. 20000 and the vehicle value is Rs. 72000. I have paid the EMI amount of Rs. 2200 for the tenure period of 2 years. They have sanctioned the loan immediately.
    Was this review helpful? 2
    , bangalore
    Reviewed on Oct 05, 2019
  • ICICI Two Wheeler Loan
    "Good"
    ICICI BANK
    0.5 5.0/5 "Blown Away!"
    From ICICI bank I have taken two wheeler loan on one year before which was applied for this loan through showroom. The amount which was given for 40 thousands for the tenure period of 1 year. The rate of interest was nominal. The bike model was Bajaj.
    Was this review helpful? 1
    , goa
    Reviewed on Oct 05, 2019
  • L&T Finance Two Wheeler Loan
    "Better Loan service"
    L&T FINANCE LIMITED
    0.5 5.0/5 "Blown Away!"
    When i purchased the two wheeler from Bajaj, they have provided the loan from L&T Finance. I bought the loan amount of Rs. 87000 and i made the down payment of Rs. 36000. I am paying the EMI of Rs. 2194. They have sanctioned the loan immediately.
    Was this review helpful? 2
    , dibrugarh
    Reviewed on Oct 04, 2019
  • HDFC Bank Two Wheeler Loan
    "Need to decrease interest charge"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have taken a two wheeler loan with HDFC bank on 1 year before which was processed through a showroom. The amount was sufficient of 60 thousands for the tenure period of one year 8 months. The rate of interest was high. The bike model was Honda. Their service is good and approachable.
    Was this review helpful? 1
    , hindupur
    Reviewed on Oct 04, 2019
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